What's Driving Halliburton's Deepwater Business?

Halliburton?s deepwater business has been outgrowing the broader market, growing at a CAGR of around 31% over the last 2 years, compared to around 13% for the broader industry. Although the market for deepwater services could see some sluggishness in the near term owing to a dearth of large exploration successes last year, as well as an increasing focus by oil companies on boosting returns on invested capital, Halliburton still expects its deepwater business to outgrow the market by around 25% g...